Insurance News

Prudential Insurance Sued Over Veteran Life-Insurance Claims, Lawyer Says

Thu, 29 Jul 2010 14:24:45 -0700

Prudential Insurance Co. of America was sued over its handling of veterans life-insurance claims, a lawyer for the plaintiffs said. The filing couldnt immediately be confirmed in court records.

Insurance agent completes program

Thu, 29 Jul 2010 18:07:44 -0700

BINGHAMTON Nick Brewster -- a certified insurance counselor, insurance agent and president of the BAC Agency -- has successfully completed the annual continuing education requirement of the Society of Certified Insurance Counselors.

Auto Insurance News

Alberta Insurance Board orders rollback on mandatory auto insurance rates

Thu, 29 Jul 2010 14:44:34 -0700

EDMONTON - Alberta drivers are to get a bit of a break on their automobile insurance. The government-appointed Insurance Rate Board has ordered insurance companies to reduce premiums on mandatory automobile insurance by five per cent this year.

Farmers to cut auto insurance rates for some California customers

Tue, 27 Jul 2010 18:18:18 -0700

Drivers covered by the company's Farmers Insurance Exchange subsidiary will see premiums fall by an average of 14.5% and can get a 10% rebate on policy renewals. California's largest auto insurer, Farmers Insurance Group, announced Tuesday that it was reducing its rates by an average of 14.5% for policies issued by its Farmers Insurance Exchange subsidiary. Also, current holders of those ...

Health Insurance News

Health Insurance Industry Wins Concessions on Covering Children

Thu, 29 Jul 2010 06:10:52 -0700

The health insurance industry has won a concession from the Obama administration on insurance coverage for children.

Health insurance rates: California plans to crack down, but how hard?

Thu, 29 Jul 2010 17:56:06 -0700

As an Aug. 31 deadline nears, state lawmakers haggle over how difficult it should be for companies to significantly raise premiums. As millions of Californians continue to cope with surging costs for health insurance, state lawmakers, consumer advocates and lobbyists in Sacramento are haggling over how tough to get with companies seeking large rate increases.

Life Insurance News

Life Insurance Firms Profit From Death Benefits

Wed, 28 Jul 2010 08:12:32 -0700

Life insurance companies boost their bottom lines by holding on to death benefits owed to families of service members and millions of other Americans, an investigation by Bloomberg Markets magazine found. Cindy Lohman, whose son was killed in Afghanistan, says she feels betrayed by his life insurance company, Prudential.

Life insurance new business grows 75% in Q1

Wed, 28 Jul 2010 13:05:37 -0700

The life insurance industry's new business collections grew by more than 75 per cent in the first quarter of this fiscal led by a three-digit growth in the new business of Life Insurance Corporation of India.

Boat Insurance News

Boat in Rockledge catches fire

Thu, 29 Jul 2010 10:00:03 -0700

A shrimp boat continues to burn in the Indian River. Two men onboard escaped the flames in the waters near Rockledge.

Congo boat capsize leaves 138 dead

Thu, 29 Jul 2010 08:44:55 -0700

As many as 138 people died when an overloaded boat carrying passengers and goods capsized in rough water in Democratic Republic of Congo, police said today.

Travel Insurance News

Holiday travel insurance complaints rise

Thu, 29 Jul 2010 06:31:07 -0700

Complaints about travel insurance companies have risen by 28% over six months.

Home Insurance News

Insurance Rates

Tue, 27 Jul 2010 19:36:37 -0700

More than a million Floridians could see an increase in their home insurance bills before the end of the year. Citizens Property Insurance is seeking an 11 percent rate increase and Castle Key, formerly known as Allstate Floridian, wants to raise its rates 33 percent. As Whitney Ray tells us, the industry claims some companies could go belly-up if theres a major hurricane.

Cost Of Home Insurance On The Rise

Mon, 26 Jul 2010 14:31:06 -0700

Georgians should expect to start paying more for home insurance, if they aren't doing so already.

 

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